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Author Question: Frederick failed to file his 2016 tax return on a timely basis. In fact, he filed his 2016 income ... (Read 67 times)

melina_rosy

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Question 1

Explain how returns are selected for audit.

Question 2

Frederick failed to file his 2016 tax return on a timely basis. In fact, he filed his 2016 income tax return on October 31, 2017, (the due date was April 15, 2017 and paid the amount due at that time. He failed to make timely extensions. Below are amounts from his 2016 return:



Frederick sent a check for $1,637 in payment of his liability. He thinks that he has met all of his financial obligations to the government for 2016. For what additional amounts may Frederick be liable assuming any applicable interest rate is 6%?


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Marked as best answer by melina_rosy on Sep 13, 2020

triiciiaa

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melina_rosy

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it


Dominic

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Reply 3 on: Yesterday
Excellent

 

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